DOL Probing Improper BD, RIA Compensation From ERISA Plans
By Melanie WaddellThe Department of Labor has recently investigated eight BDs under Consultant/Adviser Project, focusing on improper compensation by benefit plan consultants and investment advisors.
October 17, 2011
Fiduciary Duty Top Reason Investors Prefer RIAs: TD Ameritrade SurveyTD Ameritrade Institutional released an advisor sentiment survey on Monday which found that the top reason investors choose to work with an independent RIA is because they act as fiduciaries.
October 17, 2011
TD Ameritrade Study: Fiduciary Duty Tops Reasons Clients Choose an RIAThe top reason investors choose to work with an independent registered investment advisor is that RIAs are required, as fiduciaries, to offer advice that is in the best interest of clients, according to the study.
October 17, 2011
TD Ameritrade Study: Fiduciary Duty Tops Reasons Clients Choose an RIAThe top reason investors choose to work with an independent registered investment advisor is that RIAs are required, as fiduciaries, to offer advice that is in the best interest of clients, according to the study.
October 14, 2011
Citibank Cuts 80 Wealth Investment ConsultantsCitibank announced Friday that as part of a 'strategic decision' by Citibank and Citigold Wealth Management leadership, the Citi Personal Wealth Management Investment Consultant role 'will be discontinued.'
October 11, 2011
Edelman Financial to Exit Independent Rep BusinessOne of the biggest wealth management firms in the country, Edelman Financial, announced Tuesday that it planned to stop serving independent reps by year-end so that it could focus on its core business of serving high-net-worth clients.
October 06, 2011
Raymond James Team Moves to RIA Model, PershingFinancial Strategy Network, a Chicago-based financial planning firm with $550 million in assets, said Thursday that it had become an RIA firm custodying its assets with Pershing Advisor Solutions and was no longer affiliated with Raymond James Financial Services.
October 03, 2011
As NASAA’s New President, My Top Priorities: SRO and ‘The Switch’It looks like Rep. Bachus draft SRO bill would nationalize the regulation of small- and mid-sized advisors. NASAA believes this would be a costly mistake that will not benefit Main Street investors.